STATE BAR OF MICHIGAN
OCTOBER 1, 2021 - SEPTEMBER 30, 2022 ADMINISTRATIVE FUND
On July 23, 2021, the Board of Commissioners adopted a budget for the 2022 fiscal year that continues the funding of the State Bar of Michigan’s Strategic Plan.
The budget and the Strategic Plan are available at michbar.org/generalinfo
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OPERATING AND RELATED REVENUES:
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License Fees and Related $7,653,000
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All Other Operating Revenues 1,467,850
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Total Operating Revenues 9,120,850
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OPERATING EXPENSES:
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Salaries 5,437,140
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Benefits and Payroll Taxes 1,912,006
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Total Labor-Related Expenses 7,349,146
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NON-LABOR OPERATING EXPENSES:
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Legal 224,875
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Public and Bar Services 1,079,949
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Operations and Public Policy 2,587,570
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Total Non-Labor Operating Expenses 3,892,394
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Total Operating Expenses 11,241,540
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Total Operating Income (Loss) (2,120,690)
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NON-OPERATING REVENUE (EXPENSES)
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Investment Income 33,000
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BUDGETED INCREASE/(DECREASE) IN NET POSITION (2,087,690)
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